Key Developments For Richardson Electronics, Ltd.
Richardson Electronics, Ltd. (RELL.O) (Consolidated Issue listed on NASDAQ Global Market)
Richardson Electronics To Distribute Sarantel Products To Global Customer Base
Richardson Electronics announced that it has signed a global distribution agreement with Sarantel, the manufacturer of filtering antennas for mobile and wireless devices.
Richardson Electronics Issues Q2 2010 Revenue Guidance In Line With Analysts' Estimates
Richardson Electronics announced that it anticipates sales for the second quarter of 2010 to be down in the range of 10% to 15% compared to the prior year. The Company's cost reduction efforts, combined with increased efficiencies, should position the Company for improved profitability. The Company reported revenue of $132.55 million in the second quarter of 2009. According to Reuters Estimates, analysts were expecting the Company to report revenue of $115.60 million for the second quarter 2010.
Richardson Electronics Declares Cash Dividend
Richardson Electronics announced that its Board of Directors voted to declare a $0.02 cash dividend per share to all holders of common stock and a $0.018 cash dividend per share to all holders of Class B common stock. The dividend will be payable on August 20, 2009, to all common stockholders of record on August 8, 2009.
Richardson Electronics Announces Global Distribution Agreement With Nujira
Richardson Electronics announced that Nujira has signed a global distribution agreement with the RF, Wireless and Power Division (RFPD) of the Company. Richardson will market, sell and support Nujira Coolteq power modulators and Digital Pre-Distortion (DPD) solutions in all applications and markets, most notably the cellular infrastructure and defense markets.
Richardson Electronics Issues Q4 2009 Revenue Outlook Below Analysts' Estimates-Conference Call
Richardson Electronics announced that for the fourth quarter of 2009, it expects revenue to be somewhere between $120 and $125 million. According to Reuters Estimates, analysts on an average were expecting the Company to report revenue of $150 million for the same period.
